What is a 'professional client'? Definition & meaning

More terms

S&P 500

Find out what is the definition of the S&P 500 index.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Professional Client